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100+ Free CPA Contemporary Business Issues Practice Questions
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Which of the following is the clearest example of business-model innovation based on 'customer experience' as discussed in Module 2?
A
B
C
D
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2026 Statistics
Key Facts: CPA Contemporary Business Issues Exam
5
Modules
CBI Subject Outline (Fifth edition)
100% MCQ
Exam Format
CPA Australia
25%
Heaviest Module (HRM)
CBI Subject Outline
195 min
Exam Question Time
CPA Australia
Elective
Subject Type
CPA Australia
100
Free Practice Questions
OpenExamPrep
CPA Program Contemporary Business Issues (CBI) is an elective assessed generally by 100 per cent multiple-choice questions. The current fifth-edition subject outline sets five modules with exam weightings: Future accounting skills 15%, Contemporary business models and financing 20%, Contemporary human resource management 25%, Future of natural resource management 20%, and Contemporary stakeholder management 20%. CPA Australia does not publish a fixed question count or per-subject pass rate, and sets the pass standard each window. Candidates are generally allowed 195 minutes for exam questions. Subject enrolment and membership fees vary by region and should be confirmed on CPA Australia's fees page.
Sample CPA Contemporary Business Issues Practice Questions
Try these sample questions to test your CPA Contemporary Business Issues exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1In the CPA Program's Contemporary Business Issues subject, what is identified as the increasingly outdated view of the accountant's role that future-focused accountants must move beyond?
A.A role centred on recording and reporting financial information
B.A purely strategic advisory role focused on innovation
C.A role focused on stakeholder reputation management
D.A role limited to natural resource accounting
Explanation: CPA Australia notes that many prospective accountants assume their work revolves around recording and reporting financial information, but describes this as a narrow and increasingly outdated view. Future-focused accountants must take on a strategic advisory role that adds value beyond financial measures.
2Contemporary Business Issues divides Module 1 (Future accounting skills) into four parts. Which part focuses on the behavioural skills that enable accountants to manage their own work and collaborate effectively across the organisation?
A.Part A on the changing business environment
B.Part C on behavioural skills such as problem solving and communication
C.Part B on key business skills and organisational knowledge
D.Part D on leadership skills and attributes
Explanation: Part C of Module 1 focuses on behavioural skills that enable the accountant to manage their own work and work effectively with others. CPA Australia highlights problem solving, communication, collaboration and ethical conduct as crucial for accountants seeking to become strategic advisers.
3Within the future-of-work themes in Contemporary Business Issues, what best describes 'big data'?
A.A regulatory framework for data privacy compliance
B.A blockchain protocol for recording transactions
C.The enormous volume and variety of automatically generated and captured data that offers valuable insights
D.A method of replacing rules-based human labour with computers
Explanation: Big data refers to the enormous volume and variety of data automatically generated and captured thanks to the ubiquity of the internet and connected devices. It offers valuable insights, but exploring it often requires machine learning techniques.
4How does Contemporary Business Issues define 'automation' as a contemporary technology issue affecting the accounting profession?
A.Securing organisational data against privacy breaches
B.Enabling computers to make decisions reflecting human judgement
C.Capturing large volumes of internet-generated data
D.Replacing repetitive, rules-based human labour with computer labour
Explanation: Automation is the replacement of repetitive, rules-based human labour with computer labour. It directly affects transactional accounting tasks, freeing accountants to focus on strategic, advisory and judgement-based work.
5In Contemporary Business Issues, artificial intelligence (AI) is best characterised as technology that:
A.Enables computers to make decisions that reflect human judgement
B.Automatically captures large volumes of connected-device data
C.Provides a tamper-resistant shared ledger of transactions
D.Replaces full-time roles with contingent labour
Explanation: CPA Australia describes artificial intelligence as technology that enables computers to make decisions that reflect human judgement. This is distinct from automation, which simply executes predefined, rules-based tasks.
6Professional skepticism, as emphasised in the CPA Program, is best described as:
A.An attitude of automatically distrusting all client representations
B.A questioning mind and a critical assessment of evidence
C.A requirement to obtain audit assurance on every transaction
D.A bias toward accepting management explanations to preserve relationships
Explanation: Professional skepticism is an attitude that includes a questioning mind, being alert to conditions indicating possible misstatement, and a critical assessment of evidence. It supports sound, evidence-based professional judgement rather than blind trust or blind distrust.
7Contemporary Business Issues encourages 'professional curiosity'. According to the subject's general objectives, professional curiosity is fostered by:
A.Accepting established assumptions to maintain efficiency
B.Delegating all strategic questions to senior management
C.Challenging assumptions about contemporary and emerging global issues
D.Focusing solely on historical financial reporting
Explanation: A general objective of the subject is to encourage an attitude of professional curiosity by challenging assumptions about contemporary and emerging global issues and how they should be addressed. This mindset helps accountants avoid imprudent decision making.
8An accountant uses a machine-learning model whose recommendations cannot be readily explained. Which contemporary technology risk does this most directly raise?
A.The risk of data security breaches during storage
B.The risk of insufficient big-data volume
C.The risk that automation eliminates rules-based tasks
D.The lack of transparency and explainability in automated decision making
Explanation: When an AI or machine-learning model's outputs cannot be readily explained, the key concern is the lack of transparency and explainability, sometimes called the 'black box' problem. Accountants must apply professional skepticism and consider accountability for decisions driven by such models.
9Module 1 explains that leadership in contemporary organisations:
A.Occurs at all levels of the organisation, not just in formal management roles
B.Is exercised only by those holding formal management positions
C.Has been replaced by automation and AI
D.Is relevant only to the human resources function
Explanation: Part D of Module 1 examines leadership skills and attributes, recognising that while management carries formal leadership responsibilities, leadership also occurs at all levels of the organisation. Accountants can demonstrate leadership regardless of their formal title.
10CPA Australia states that future accountants will have 'an expanded focus well beyond financial measures'. This expanded focus specifically includes:
A.Only short-term shareholder returns
B.Physical and social outcomes in addition to financial measures
C.Tax minimisation as the primary objective
D.Eliminating non-financial reporting entirely
Explanation: CPA Australia states that the accountants of today and tomorrow will act as business advisers, carry significant ethical responsibilities, and have an expanded focus well beyond financial measures to consider physical and social outcomes as well. This reflects the rise of sustainability and integrated reporting.
About the CPA Contemporary Business Issues Practice Questions
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